April 22

Discord access link: https://discord.gg/UPbu6PZFDp

April 22 Pre-Bell Update

• Overnight Inventory is 100% long. No gap rules since we are still trading inside of yesterday’s range. We are trading above/outside yesterday’s range which means that I will try to look for initiative longs.

• Notice that we have the Overnight High right around the area in which we have last week’s low. Buyers’ gaol should be to find support back inside last week’s range.

• VWAP is sitting at 5222, which is just above the top of yesterday’s single prints at 5220.25.

• ⁃ If there’s no interest above the open or above the overnight high during the first couple of minutes of the RTH session I will try to look for a correction to overnight inventory.

April 22 Plan

Large selloff today after sellers were able to trade below last week’s low. It’s important to point out that even with the strong selling pressure that we saw today, sellers still failed to fill all of the April 9 single prints.

• If buyers can keep us above 5179 I will monitor for a potential balance area between 5179 and 5472. Notice that this is where we have been balancing after the April 9 rally. Last week buyers failed to take out the April 9 high which has resulted in this selloff.

• Today’s profile has some single prints between 5195 and 5196.50, and from 5213.75 and 5220.25.  I’m going to be monitoring these single prints iff buyers can keep us above 5179 or above the 5200 psychological level.

Value Area:

VAH 5191.25
POC 5183.75
VAL 5134.50

Bullish Scenarios:

• Longs above 5179 targeting 5200.

• Longs above 5200 targeting 5220.25.

• Longs above 5220.25 targeting last week’s low at 5251.

Bearish Scenarios:

• Shorts below 5170 or below 5140 targeting 5062.

• Shorts below 5062 targeting 5004.

Nasdaq:

• Longs above 18,023.00 targeting 18,331.00 followed by 18,575.00.

• ⁃ Shorts below 17,800.00 or below 17,681.00 targeting 17,300.00 followed by 17,128.00.